Redundancy Watch: Addleshaws Ditches 19 Partners
Not strictly redundancy we know but sadly Addleshaws has had to turn on its partners to cut back its headcount. Addleshaws may have some relieved associates knocking around its offices for the time being but it is hardly confidence inspiring. The cuts will see all 19 partners leave the firm within the next couple of months. All of the firm’s offices in London, Leeds and Manchester and all four practice divisions; finance and projects, real estate, corporate, and contentious and …
Not strictly redundancy we know but sadly Addleshaws has had to turn on its partners to cut back its headcount. Addleshaws may have some relieved associates knocking around its offices for the time being but it is hardly confidence inspiring. The cuts will see all 19 partners leave the firm within the next couple of months. All of the firm’s offices in London, Leeds and Manchester and all four practice divisions; finance and projects, real estate, corporate, and contentious and commercial will be suffering losses.
The partner trimming exercise follows Addleshaws’ chopping of 16 members of staff in October last year.
This confirms that suspicion that partners are no longer safe in a downturn and will no doubt unnerve many others who may have heard wisperings of similar proposals. The door is now open for large partner oustings.
January 21, 2009
More misery, wonder when we will see more of this?
January 21, 2009
Don’t think it will be long.
January 21, 2009
Think that is probably right. At least it wasn’t more associates.
January 21, 2009
Its a bummer to think i signed up to my degree three years ago, jumped through the hoops only to find the safety of the professions being eroded like this.
January 21, 2009
seems more like a forced ‘retirement’
im sure they will manage.